State Regulation Seen For Credit Insurance
A state moves to regulate credit insurance amid claims of an exorbitant profit rate in the boom era. Officials say intervention could curb excessive charges affecting consumers and lenders nationwide.
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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jun 05, 1957
Page
3
A state moves to regulate credit insurance amid claims of an exorbitant profit rate in the boom era. Officials say intervention could curb excessive charges affecting consumers and lenders nationwide.
The Wisconsin Senate passed the bill backed by Insurance Commissioner Paul Rogan by a 20 to 7 vote to empower the state department to regulate rates and returns in the credit life and accident insurance sector. The measure aims to curb captive buyers and high commissions while boosting consumer protection amid anticipated support from Gov. Vernon W. Thomson.
CBS extends lead in public affairs with an hour Khrushchev interview filmed in Moscow. Sevareid provides perspective while Khrushchev’s calm, affable demeanor is noted as propaganda insight. Graham, Como, and Gleason ratings cited with Trendex shares for Saturday TV audiences.
A historical note shows 1700s topsoil about nine inches deep and today around six inches, indicating a one third reduction in soil thickness as the nation developed from wilderness.
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